With the traditional routes to acquiring a building exhausted, Jarde’ started researching other options and stumbled on Reinvestment Fund. An application later and her information was now in front of Senior Director and Philadelphia Market Leader, Elizabeth Frantz, who has been involved in the lending arm of the Reinvestment Fund for almost 10 years. Elizabeth works closely with borrowers of different capacities to develop flexible financing solutions for their projects, “We look at a variety of eligibility requirements in lending. They include feasibility, the ability to repay, and most importantly the mission and impact of the business,” she explains, “Jarde’ checked all the boxes, and it was a very strong mission fit for us.”
When she first spoke to Elizabeth, Jarde’ explained her vision of taking her business to the next level through a physical space in the community and building a team. Elizabeth saw the value her expanded services could have in the community, she explained, “Her property was located next to a commercial corridor and her plans to rent out a portion of the space were sound.” With a loan from Reinvestment Fund in the fall of 2020, Jarde’ acquired a permanent space for her business, propelling her and her team to new heights.
“Having a building allowed me to become more of a resource in my community, it also establishes you more as a legitimate business,” Jarde’ said smiling. Her own experience with taxes had motivated her to create this business, yet as she grew in it, she began to see the ways in which building trust in her community would be paramount to success. “There are a lot of stigmas in the African-American community about finances, about credit, about paying for a service like this. Overcoming that barrier [trust] is essential,” Jarde’ said. With her original desire focused on supporting minority entrepreneurs, and with the new office space, she was dedicated to building up that trust within her community. Today, Jarde’ is doing just that, and she is visibly joyful about how she leverages her physical space to create valuable resources for the community, she explains “We offer free LLCs to youth with business plans, we host workshops, and small business showcases.”